Jamaica Inflation Rate
Consumer price inflation, annual % FP.CPI.TOTL.ZG
Jamaica's inflation rate was 4.20% in 2025, ranked 58th globally. This represents a 22.4% decrease from 2024. Data from World Bank, covering 1960–2025.
Overview
Jamaica's inflation rate stood at 4.20% in 2025, a decline of +1.21pp from 2024. The IMF projects 4.20% by 2025. Jamaica ranked 58th globally.
Jamaica’s inflation rate in 2025 stood at 4.20 percent, placing the island nation 58th in the world and virtually matching Niger’s 4.20 percent and the Slovak Republic’s 4.21 percent, its nearest peers in the World Bank ranking. The current level is modest compared with the all‑time peak of 77.30 percent recorded in 1992, a period marked by severe fiscal imbalances and external shocks, and it remains above the all‑time trough of 1.41 percent reached in 1962 when monetary policy was tightly constrained. Over the 66‑year series, inflation has oscillated between these extremes, reflecting cycles of commodity price volatility, exchange‑rate pressures, and policy reforms. Recent moderation stems from tighter monetary policy, improved fiscal discipline, and a more diversified export base. Continued resilience of the Jamaican dollar, coupled with sustained fiscal consolidation, will be crucial to keep inflation anchored near the current 4‑percent range and prevent a resurgence toward historic highs.
Data & projection
| Year | Inflation Rate | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 5.00% | - | - |
| 2029* IMF | 5.00% | - | - |
| 2028* IMF | 5.00% | - | - |
| 2027* IMF | 5.02% | - | - |
| 2026* IMF | 5.02% | - | - |
| 2025* IMF | 4.20% | - | - |
| 2025 | 4.20% | −1.21pp | #58 |
| 2024 | 5.41% | −1.06pp | #147 |
| 2023 | 6.47% | −3.87pp | #117 |
| 2022 | 10.35% | +4.47pp | #131 |
| 2021 | 5.86% | +0.65pp | #144 |
| 2020 | 5.23% | +1.32pp | #154 |
| 2019 | 3.91% | +0.17pp | #147 |
| 2018 | 3.74% | −0.64pp | #136 |
| 2017 | 4.38% | +2.03pp | #141 |
| 2016 | 2.35% | −1.33pp | #117 |
| 2015 | 3.69% | −4.58pp | #134 |
| 2014 | 8.27% | −1.09pp | #182 |
| 2013 | 9.34% | +2.45pp | #185 |
| 2012 | 6.87% | −0.65pp | #158 |
| 2011 | 7.56% | −5.06pp | #147 |
Detected Pattern
Analysis
Jamaica matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw inflation rate improve within 24 months. View full analysis →
Frequently Asked Questions
Jamaica's inflation rate was 4.20% in 2025. Ranked 58th globally. This represents a 22.4% decrease from the previous year.
Jamaica's inflation rate peaked at 77.30% in 1992.
The lowest inflation rate in Jamaica was 1.41% in 1962.
Jamaica ranks 58th globally in inflation rate as of 2025.
The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.
Jamaica's inflation rate is projected to reach 4.20% by 2025 based on IMF projection.
The inflation rate of Jamaica in 2025 was 4.20%. This ranks 58th in the world.
Cite this page
@misc{historysaid_jamaica_inflation-rate,
title = {Jamaica Inflation Rate},
url = {https://historysaid.com/jamaica/inflation-rate/},
publisher = {HistorySaid},
year = {2026}
}